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Technology Stocks : Internet Guru Discussion

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To: steve harmon - analyst who wrote (2255)7/23/1999 2:01:00 PM
From: Urlman  Read Replies (2) of 4337
 
Excllent Post from the MP3.com Artist message Board (this guy is reading my mind)
REPOST
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BIG POO GENERATOR
posted 07-21-99 09:14 PM
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W A R N I N G - P O O P :
Great article. Of course these CNBC guys don't see the big picture. The main complaint I hear about MP3.COM is lack of celebrities. What they don't realize is that very nature of celebrity will change radically during the next decade (just as it has changed over the past decades, each year doubling the population of celebrities, exponentially...). MP3.COM is merely a reflection of this new world created by ever expanding channels and choices of information. MP3.COM fits this new world pretty well.

The truth is that the record industry wants the public to believe that only signed artists are worth listening to. This is clearly not the case. Have you heard some of the music on MP3.COM, CNBC people? Much of it blows the radio shlock out of the water (or at least sounds just like it).

The distinction between "signed" and "unsigned" will become more and more blurred. It will eventually be insignificant to the public.

It is true that there is so much music on the internet now that there is no way any single person could check it all out (and still lead a semi-normal life). So "filters" will be created to help people sort through the "FREE" music. MP3.COM will adapt and do a good job of this in the years to come.

MP3 technology works. It sounds fine. Its easy to use. Its open. Sounds like VHS to me (vs. beta - or DIVX...)

The money machine that the recording industry has been will become weak and give way. Artists will record music for the love of it, and musicians wanting to make a living at their craft will have to relocate to Branson, Missouri and jam along with Andy Williams (which would actually be pretty cool).

There is plenty of great music and interesting artists on MP3.COM and other free-music sites. Why pay for good music when you can get "free" good music. You can even email these guys and talk to them about their songs. It will bring the artists and the audience closer (which might not be the most pleasant thing, but it is still a cool idea).

In ten years there won't be the celebrity draw that exists today. People will find cool artists from a much wider variety of sources than just the FM radio and MTV. Sure, Madonna and U2 will still get tons of visitors to a site, but new artists won't be able to hold the public's attention for the duration current established acts have done. It is "the death of the rock star" - the democratization of music.

We've had many discussions on this topic - "the death of the rock-star" type of idea. The people that deal with these financial matters are tuned in to a different vibe. Let them think what they want to think. We know better.

The internet is a perfect means of transmitting music. If MP3.COM fails in a couple of years (I doubt it will), FREE music will still exist on the net. Its the future.

CNBC: Nothing More Than a Name<<<
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